Georgia / Griffin / 30223 / 512 North 6th Street

512 North 6th Street

Griffin, GA 30223

Listing ID: 203984

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$800,000

For Sale

Property Type Multifamily for Sale
Lot Size Acres 2.400
Building Sq Ft 35,000
Building Price per Sq Ft $22.86
Land Sq Ft 104,544
Land Price per Sq Ft $7.65

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Description

Bull Realty is pleased to present this multifamily, repositioning opportunity in Griffin, GA. The property consist of 41 units with a unit mix of (36) 1BR/1BA, (4) 2 BR/1BA and (1) 3BR/2BA. The property is situated on 2.4 acres of flat topography with plenty of green space and is located in a Qualified Opportunity Zone.
The structures feature a stucco exterior and concrete block interior structure. There is off-street parking within the complex. The property is located adjacent to the neighborhood elementary school that is located at the end of the cul-de-sac.
This property is located just minutes from downtown Griffin. The property is located less than 2 miles north of Wellstar Spalding Regional Hospital, 3 miles south of Griffin Crossroads and 4 miles north of Griffin-Spalding County Airport. Griffin Crossroads is a shopping center that includes numerous retailers such as Belk, Walmart, Big Lots, Starbucks, Chick-fil-A, Hobby Lobby and more.

Attachments & Files

offeringmemorandum-42-87H-7O0.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Atlanta History of Multifamily Housing for Sale

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Listing Demographics for 512 North 6th Street Griffin, GA 30223

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		4,662	27,395	46,172
Population Median Age		35	36	38
Population by Age	0-9 Yrs	1028 (22%)	4544 (16%)	6820 (14%)
	10-19 Yrs	375 (8%)	3392 (12%)	5714 (12%)
	20-29 Yrs	791 (16%)	4098 (14%)	6312 (13%)
	30-39 Yrs	476 (10%)	3874 (14%)	6144 (13%)
	40-49 Yrs	657 (14%)	3318 (12%)	5526 (11%)
	50-59 Yrs	516 (11%)	3216 (11%)	5775 (12%)
	60-69 Yrs	412 (8%)	2608 (9%)	4963 (10%)
	70+ Yrs	407 (8%)	2346 (8%)	4920 (10%)

Median HH Income		$23,216	$36,975	$43,415
Total Household Income	< 24K	1037 (54%)	3482 (34%)	4760 (27%)
	25-49K	492 (25%)	2935 (29%)	4814 (28%)
	50-74K	228 (11%)	1774 (17%)	3184 (18%)
	75-99K	72 (3%)	826 (8%)	1776 (10%)
	100-199K	69 (3%)	749 (7%)	2030 (11%)
	200K+	9 (0%)	193 (1%)	565 (3%)

Highest Education Level	No Diploma	816	4084	5932
	Diploma or GED	1249	7178	11812
	Some College	512	2621	5096
	Assoc. Degree	114	965	2152
	Bachelors Degree	197	1636	3573
	Higher Degree	78	1023	2099

Total Housing Units		2,397	11,702	19,522
--Owner-Occupied		517	4,044	9,332
--Renter-Occupied		1,390	5,915	7,796
Owner-Occupied Values	< 100K	411	2414	3997
	100-199K	80	1176	3466
	200-299K	9	233	1100
	300-399K	9	121	482
	400-499K	8	81	213
	500K+	0	19	74

Total Working Age Population		3,481	20,800	35,815
In Work Force		1,947	11,739	20,201
Not In Work Force		1,534	9,062	15,615
Workforce Employed		1,839	11,060	19,132
Workforce Unemployed		108	673	1,044
Civlian Workforce		1,947	11,732	20,176
Military Workforce		0	6	25

Total Households		1,908	9,959	17,128
Family Households		1,076	6,335	11,224
Non-Family Households		831	3,624	5,903
Married Couple		372	2,910	6,308
Other Family		704	3,424	4,916
Married w/Child		91	1,024	2,074
Single Male w/Child		55	273	443
Single Female w/Child		316	1,569	2,033

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Georgia	8,186,453	+18	9,687,653	+12	10,833,472	+13	12,292,423
Henry County	119,341	+71	203,922	+18	239,866	+20	286,950
Lamar County	15,912	+15	18,317	+6	19,347	+10	21,228
Pike County	13,688	+31	17,869	+6	18,860	+7	20,147
Spalding County	58,417	+10	64,073	+8	69,110	+17	80,827

Total Working Age Population:

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports

Airport	Distance (mi)
Hartsfield Jackson Atlanta International Airport (ATL)	28
Augusta Regional At Bush Field (AGS)	133
Chattanooga Metropolitan Airport (Lovell Field) (CHA)	134